The Futures of European Capitalism

Paperback | August 1, 2002

byVivien A. Schmidt

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In this path-breaking book, the author argues that European countries' political-economic policies, practices, and discourses have changed profoundly in response to globalization and Europeanization, but they have not converged. Although national policies may now be more similar, especiallywhere they follow from common European policies, they are not the same. National practices, although moving in the same general direction toward greater market orientation, continue to be differentiable into not just one or even two but three varieties of capitalism. And national discourses thatgenerate and legitimate changes in policies and practices not only remain distinct, they matter. The book is a tour de force which combines sophisticated theoretical insights and innovative methods to show that European countries generally, but in particular Britain, France, and Germany (for whichthe book provides lengthy case studies), have had very different experiences of economic adjustment, and will continue to do so into the future.

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In this path-breaking book, the author argues that European countries' political-economic policies, practices, and discourses have changed profoundly in response to globalization and Europeanization, but they have not converged. Although national policies may now be more similar, especiallywhere they follow from common European polici...

Vivien A. Schmidt is in the Department of International Relations, Boston University.

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Format:PaperbackDimensions:372 pages, 9.21 × 6.14 × 0.78 inPublished:August 1, 2002Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199253684

ISBN - 13:9780199253685

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Table of Contents

Introduction: European Pathways to the AdjustmentPart I: The Policies of Economic AdjustmentThe Challenges of Globalization and Europeanization: The Impact on National Autonomy and ControlThe Economic Dynamics and Institutional Mechanics of Policy Adjustment in Britain, Germany, and FrancePart II: The Practices of Economic AdjustmentStill Three Models of Capitalism? The Impact of Changing Policies and Growing Pressures on Economic PracticesThe Dynamics of Adjustment in Economic Practices in Britain, Germany, and FrancePart III: The Politics of Economic AdjustmentDiscourse as Framework for Analysis: Policy Construction and Legitimation for Changing Policies and PracticesThe Role of Discourse in the Political Dynamics of Adjustment in Britain, France, and GermanyConclusion: The Futures of European Capitalism

Editorial Reviews

`The book is an important step forward in the effort to understand the contours of Europeanization and the relationship between Europeanization and globalisation.'European Union Studies Association